Quote:
Originally Posted by pylon
I disagree.
With mortgages at all time lows, and 5 year fixed rates of 2.99% all over the place, why not borrow every nickel you can, and invest instead.
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That's fine if the risk is solely on the borrower, but these are government backed loans that banks likely wouldn't give out otherwise. If someone can convince a bank to loan them 95% of the purchase price of a house without government insurance, have at it. But as long as we're all backing that mortgage, I don't think it's unreasonable that there are more stringent rules.